The “US deficit” is the yearly difference between the amount of money spent by the government and the amount of the government’s “income” (the money the government gets through taxing, fees, etc). The US deficit for FY2010 is approximately $1.3 trillion; this equates to approximately 9% of GDP in FY2010.1
http://www.gppf.org/pub/Spending/Quick%20Facts%20About%20the%20Debt%20Debacle.pdf
The “US deficit” is the yearly difference between the amount of money spent by the government and the amount of the government’s “income” (the money the government gets through taxing, fees, etc). The US deficit for FY2010 is approximately $1.3 trillion; this equates to approximately 9% of GDP in FY2010.1
http://www.gppf.org/pub/Spending/Quick%20Facts%20About%20the%20Debt%20Debacle.pdf